Deutsche Bank beefs up regulation

Deutsche Bank - Foyer Bridge

Deutsche Bank is beefing up its regulatory back bench.

The New York Post reports that the bank hired Barry Massaro to be director of finance for its broker-dealer division, luring him away from rival HSBC, where he was chief financial officer and head of regulatory reporting for the lender’s US division.

The move comes after the Federal Reserve Bank of New York, one of Deutsche Bank’s regulators, slammed the firm for 'low quality, inaccurate and unreliable' regulatory reports in a December 2013 letter that was made public in July.

To access the complete New York Post article hit the link below:

Deutsche Bank nabs new director after regulatory concerns

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